Dear sir,
I own an appartment, I was told that one time maintenance deposit of Rs. 90000/- is payable at the time of handover of property. The co-op. society is not formed, there is a ad-hoc committee managing affairs. They are asking to pay additional Rs. 1500/ month towards maintenance of society. I am regularly paying maintenance charges, but wondering, whether is it worth paying deposit too ? Should I offer interest equivalant of deposit ? What is the law on this aspect ?
Since, they are taking maintenance deposit and also charges / month ?
Please advice !
Regards,
Udayan Modhe